2012-12-26
2012-12-26
STATION
CNNW 4
KPIX (CBS) 3
CNBC 1
CSPAN2 1
LANGUAGE

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region's public transit and housing base as a result superstorm sandy has been addressed -- tough morning. we started with a hearing on the loss of our ambassador from libya. those challenges, just had opening ceremony for senator o inouye line in state and now the devastation the northeast region -- has been a tough day but we appreciate our witnesses being here to shed some light and hopefully some commitment by our colleagues to meeting our challenges. as you all know sandy's destructive force overwhelmed the region particularly in new jersey and new york and the result is massive unprecedented damage, unprecedented but this was our second hurricane in two years and we expect extreme weather like this to become more common for our region. because we need to prepare for the next storm is not enough to spend our time today simply discussing how we restore our housing and transit infrastructure to their vulnerable free storm condition. in my view now is the time to determine what actions we must take in order to build back the region in a way that makes us less of vulnerable in future

. and this could become the costliest natural disaster in u.s. history. and number one, superstorm sandy. >> this historic superstorm made landfall over the most populated areas hoft united states. even snowstorms are threatening the lives and homes of people from virginia to massachusetts. >> never seen devastation like this in my life. >> the surf here getting much more violent. >> curfew is under way right now. you are not to be on this street. >> keeping an eye on the possibility of flooding. >> superstorm sandy has crippled the nation's biggest transit system. >> talking about flooding, possible power outages. that could last for days. >> in the city to the countryside, people need to be self-aware. >> the storm killed at least 113 people in the u.s. and caused tens of billions of dollars in damage. total repairs will take decades. chad myers, cnn. >> make sure you join me for the biggest stories of the year in crime, politics, money and even the most scandalous. the top ten of 2012, season sunday night, 8:00 eastern only here on cnn. dayquil doesn't . really? [ male announcer ] alk

said forecast growth of 3% to 4%. but super-storm sandy and uncertainty over the fiscal cliff made shoppers reluctant to ersnd. in egypt, voters have approved a new constitution based largely on islamic law. 64% voted yes but the turnout as very low, a little less than a third of eligible voters. coposition leaders say the constitution takes away many of their rights. in syria's civil war, rebel forces appear to be gaining ground against the assad regime. sctivists say the rebels captured the town of harem along the turkish border after a cttle that lasted four weeks. the rebels had already captured other towns in the area and at least three military bases. thpe benedict spoke up today for the 40,000 killed in syria in inarly two years of fighting. ,n his christmas address, he denounced the slaughter of the defenseless. inialso urged palestinians and israelis to find the courage to negotiate. the housing industry is coming back, and guess who is on a buying spree? and this could be a huge advance in space flight. spreusable rocket. when the cbs evening news continues. continues. if

%. superstorm sandy and the looming fiscal cliff disrupted the shopping season. >>> and if you are returning my holiday gifts, have your right and a lot of patience. usa today reports 14 of 25 on-line retailers in one study are issuing refunds slower than last year. for in-store returns some retailers have shortened return windows and are charging restocking fees, especially for technology. >> thanks. >>> straight ahead on your morning wednesday news, weather is coming up, and lebron james takes it to the oklahoma city thunder in a rematch of the nba final. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ ♪ i got it made, i got it made ♪ ♪ i got it made fresh at subway ♪ ♪ breakfast made the way i say ♪ [ male announcer ] at subway, you got it made. try a steak, egg white & cheese, tricked out any way you want. subway. eat fresh. but the acidic levels in some foods can cause acid erosion.

.s. >>> from one of the hottest and driest summers you remember it, to superstorm sandy. >> scary. so scary. it reminds you of the wizard of oz when the tornado hit and everything is going around and around. >> heat waves, wildfires, tornadoes. the top ten weather events 2 s 2012 right after this. always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. >>> we are monitoring severe weather from the midwest to east coast. it is delaying travelers in several states now. it is a live picture as one of our crews is now driving down the pennsylvania turnpike. this is near bedford in the southern part of the state. to be sure, just so you know, no one is driving and shooting. this is a steady c

%. experts blamed superstorm sandy and the looming "fiscal cliff" for disrupting shopping. back to you. >> thank you, erica ferrari in new york. >>> and -- >> and -- >> go ahead. >>> holiday sales grew at a weak pace, weakest in four years. mastercard reports the sales in the two months before increased just .7% over last year. >>> new evidence that the bay area job market is in recovery mode right now. a new check of the numbers finds the boom that began in the silicon valley tech sector is broaden. the "oakland tribune" found construction was the fastest growing industry in the bay area just over the last year and there's also growth in retail, wholesale trade, manufacturing, and hospitality businesses. >>> college graduates are struggling to find jobs in their chosen career paths. as cbs 5 reporter grace lee reports, the number of young california grads working in restaurant or retail has doubled in the last five years. >> reporter: when you're shopping this holiday season, or eating out, take a look around. you might notice i lot more people under 30 working those jobs. according t

of superstorm sandy. investors are still concerned about the looming fiscal cliff. >>> blizzard warning in up to six states. in arkansas the national guard has been called to provide ambulance service for residents. heavy snow and strong winds will lead to whiteout conditions across the ohio river valley. the heaviest snow is expected to move into western pennsylvania and new york state this afternoon. >>> hundreds of american families wanting to adopt russian children may have their dreams dashed. they have given final approval for a ban on such adoptions, seen as payback for a recently signed u.s. law imposing travel and financial restrictions on human rights abusers in russia. >>> there are six days left until the u.s. crosses over the so-called fiscal cliff. in case washington doesn't make a deal we're doing our best to get you ready. every day we're taking a look at how the fiscal cliff if we go off the fiscal cliff how that will affect you from the increase in your tax bill to planning for your retirement. today we'll focus on your portfolio. ryan mack joins me via skype from detroit. >

sales to grow 3% to 4%. among the reasons cited for the weaker numbers, superstorm sandy and consumer nervousness about tax hikes due to the fiscal cliff. we've had lots of conversation about whether not fiscal cliff would impact consumer sentiment. and apparently now it's actually hitting people in the wallet. let's talk about what's on the economic agenda today. one very important report to watch, standard and poor's releasing the case schiller index on october home sales at 9:00 eastern. it's a busy week for housing data. tomorrow we're going to be getting the commerce department which releases new home sales for november. then on friday, the national association of realtors, not realtors -- >> yeah. >> releases its spending. its pending home sales index for november. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loa

factor, a spending poll says superstorm sandy hit sales in the mid-atlantic region in early november. after-christmas spending should help a bit, but the impact is limited because a lot of people using gift cards and making returns. the national retail federation says we typically return $60 billion worth of merchandise after christmas, so early indications seem to show that holiday sales are looking like the rest of the economy, growing but not outstanding. joe? >> alison kosik. >>> as it comes to a close, we remember 2012 as a year of surprises. a south korean rapper gets newfound fame thanks to youtube and rihanna and chris brown back together again? cnn's top ten showbiz stories of the year are just ahead. i spend long hours with her checking her heart rate, administering her medication, and just making her comfortable. one night britta told me about a tradition in denmark, "when a person dies," she said, "someone must open the window so the soul can depart." i smiled and squeezed her hand. "not tonight, britta. not tonight." [ female announcer ] to nurses everywhere, thank you,

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